re: not a terrible result at all This company is continuing to...

re: not a terrible result at all This company is continuing to grow its commercial property portfolio and take money out of apartments. Furthermore as stated in its results its full year profits will be 10% higher and that it derives 61% of its residential profits from the second half.

I think the market also got spooked with its 52% drop in revenue yet this was largely related to a one off AIFRS adjustment in repect to a consolidation of properties into another trust. Its total assets have actually improved by 100 million over the year, gearing has reduced and net tangible assets have gone up 7%

I think the market has misread this stock totally and I will be reviewing a major buy cqampaign tomorrow. Has the best commercial property in Australia imho.

Just remember also, of sales of apartments are slow profits will be deferred to a later period but they will not dissappear as the market suggests!!...lol